| Deductibility of Meals Provided to Employees |
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| If you are an employer who provides meals for your workers, you may be able to deduct some or all of the cost of the meals. Generally, you are limited to a deduction of only 50 percent of the cost of those meals. However, under certain circumstances, you may be able to deduct the entire cost. More... |
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| Partnership Audits |
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| Even though it is the individual partners, not the partnership, that are responsible for reporting and paying taxes on any gains or losses recognized by the partnership, audit proceedings on partnership items are conducted on the partnership, not the individual, level. More... |
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| Treasury Offset Program and Injured Spouse Relief |
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| If you owe any past-due child support, Federal agency non-tax debts, or state income tax obligations, you might not be getting the federal income tax refund that you expected. Congress has authorized the Department of Treasury's Financial Management Service (FMS), which issues the refund checks, to set up the Treasury Offset Program, which can reduce your refund or any overpayment that you wanted to apply to next year's tax liability. More... |
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| Enrolled Actuaries |
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| An enrolled actuary is an individual who has satisfied established standards and qualifications and who has been approved to perform the actuarial services required under the Employee Retirement Income Security Act of 1974 (ERISA). These services include the application of the principles of probability and compound interest to determine the present value of payments to be made after certain specified conditions are fulfilled or certain specified events have occurred. More... |
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| Personal Casualty, Disaster, and Theft Losses |
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| A hurricane strikes, and your home is partially destroyed. The bad news is that your insurance does not cover the total cost of the damage, and you are wondering whether or not there will be any good news from the Internal Revenue Service at tax time. More... |
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